SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — NetApp Inc. (NTAP) on Tuesday reported fiscal second-quarter profit of $305 million.
The San Jose, California-based company said it had net income of $1.51 per share. Earnings, adjusted for stock option expense and restructuring costs, were $2.05 per share.
The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.89 per share.
The data storage company posted revenue of $1.71 billion in the period, which also beat Street forecasts. Eight analysts surveyed by Zacks expected $1.69 billion.
For the current quarter ending in January, NetApp expects its per-share earnings to range from $2.01 to $2.11.
The company said it expects revenue in the range of $1.62 billion to $1.77 billion for the fiscal third quarter.
NetApp expects full-year earnings in the range of $7.75 to $8.05 per share, with revenue ranging from $6.63 billion to $6.88 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NTAP at https://www.zacks.com/ap/NTAP
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